Posted AT 5:09 PM EST on 16/11/07
BMO taking $320-million charge
Bank of Montreal on Friday became the latest big Canadian bank to disclose that it's taking a hit as a result of the recent credit crunch, saying it will take a one-time charge of about $320-million in the fourth quarter as a direct result of the financial turmoil.
Bank of Montreal on Friday became the latest big Canadian bank to disclose that it's taking a hit as a result of the recent credit crunch, saying it will record one-time charges of about $320-million in the fourth quarter.
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